The crisis in the high-tech industry continues to impact American venture capital funds, leading them to announce reductions in their capital raising targets one after another. The latest fund to be affected is Tiger Global, which played a significant role in Israeli high-tech during the bubble years of 2020-2021. Many believe it was responsible for the inflated valuations of companies. Tiger Global has raised only $2.7 billion for its new fund, 55% less than its initial target, and stated its ongoing efforts to raise funds. Another fund, TCV, also reduced its fundraising target to 55%-75% of the planned amount, originally set at $5.5 billion. READ MORE